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CNBC
Apr 9, 2013 9:00am EDT
you say johnson destroyed more value in retail than anyone could think. >> jc penney had a lot of customers and a lot of sales and he carpet bombed his own stores and he had a strategy that was untested and he blew it out throughout the organization. i do think that everybody connected with him has to go. it's a new broom sweeps clean, and you have the store within a store model and maybe there were real results and you never knew how this thing was doing. there was a lot of what i regard about fluff about whether it was even working, the store within a store. >> which ullman has not divorced in his early comments. >> just go right back to the lawsuit. this martha stewart lawsuit that's going on. you build a huge store within a store upon a contract that may be illegitimate between martha stewart and jc penney when you had terry lundgren, the ceo of macy's making martha stewart the centerpiece of his home business. what kind of thing was that? how can they do that? >> there were a lot of things that you can ask how could they do that including keeping mr. johnson in the seat perha
PBS
Apr 9, 2013 6:30pm PDT
. >> consumer protection. what jc penney shoppers really think of the strugglingry taylor and what the new ceo must do to win over more of them. >> and sir richard branson, the outspoken ceo of virgin group talks to us about everything from cheap tickets to the global economy. >> all that and more coming up on if nightly business r report. >> more milestones on wall street and not just for the arch averages, but for individuals. >> the weather warmed up on wall street today and so did stocks. records aplenty. let's start with some of those big name companies. all dow members each touching all time highs today. disney, home depot, travelers, uniteded technologies and walmart. those are only the dow stocks. those gains did help power the dow to a new all time closing high of 14673. the s&p nipped above its closing high, too, but it faded late and finished two points shy of a record close. the nasdaq was up 15. stocks got a boost from materials companies on rising demand for materials. throw in some fresh optimism about corporate earnings, then add a dash of some fed speak indicating the
PBS
Apr 9, 2013 7:00pm PDT
department store jc penney has been undergoing a massive transformation, changing its pricing strategy more than once, its merchandise, marketing an even the store layout. >> since they started the price change, i was more apprehensive. that's pretty good. instead of having it marked off. saving $20, you're always saving. >> on monday, the visionary behind this transformation, ron johnson, stepped down. his predecessor becomes his successor, stepping back into the top spot. and the ceo shuffle hasn't been good for investors. the stock is trading at a 12-year low. but the shoppers in new york seemed unconcerned. those that have noticed the changes in store had positive review, noting in particular the change in prices, selection and quality. >> the low price would be more attractive thing. if there's a huge sale like you said, it gets real hectic and then kind of turns me away. >> they have different kinds of bags, make up, jewelry. i don't have to go in different stores. i can just stop in one place and it's all there. >> the big question now becomes whether or not they can bring back
CNBC
Apr 8, 2013 3:00pm EDT
meantime, macy's and jc penney back in court. for their battle over martha stewart. the latest on this pretty nasty and very personal battle. >>> we're also going to take a look at which retailer stock you should be shopping for. >>> also, you just joined us, alcoa chairman and ceo klaus kleinfeld will be here exclusively to break down alcoa's earnings moments after they are released. this could help set the tone for tomorrow. his take on the world economy. it's widely listened to. you won't want to miss it. carfirmation. only hertz gives you a carfirmation. hey, this is challenger. i'll be waiting for you in stall 5. it confirms your reservation and the location your car is in, the moment you land. it's just another way you'll be traveling at the speed of hertz. welcnew york state, where cutting taxes for families and businesses is our business. we've reduced taxes and lowered costs to save businesses more than two billion dollars to grow jobs, cut middle class income taxes to the lowest rate in sixty years, and we're creating tax free zones for business startups. the new new york is
CNBC
Apr 12, 2013 9:00am EDT
breaking news we want to begin with. it has been reported that jc penney has hired blackstone for $1 million. blackstone is talking to banks to make a $500 million or greater five-year term loan to jc penney secured by inventory. blackstone is talking to three private equity firms who expressed interest in making an investment in the company. given where the stock price is currently trading it's unlikely that the company would look to raise equity now. it's my understanding that the time to raise equity would be later in the year once jc penney has time to try to improve its financial standing. that seems obvious given where the stock currently the sits. they're figuring, give time, we're bringing back coupons and we're bringing back promotions. let's try to turn this thing around and get this ship righted under ullman and then pursue other strategies later in the year. >> first grade scoop because i read through the paperis and couldn't figure out what the heck is going on. >> would this be the kind of thing that could never happen under ronny johnson because ullman is a guy they al
CNBC
Apr 9, 2013 6:00am EDT
the top for jc penney. ron johnson ousted after 17 months. was it the right move? how is bill act man feeling about the departure of the man he picked for the job? >> david versus goliath. virgin taking on nighted in a cross-country airfare battle. we speak to sir richard branson and david cush about the future of air travel. >>> small business is feeling about the state of the economy as the second hour of "squawk box" begins right now. >>> good morning, everybody. welcome back to "squawk box" on cnbc. i'm becky quick along with joe kernen. futures are indicated higher once again. this morning we have been watching. looks like dow is up 17.5 points. s&p by just over 3. a lot of back and forth in the markets. yesterday they ended higher. this is 14 sessions in a row it fluctuated between an up, down, up, down. this is the longest time we have ever seen tphrubg saeugz situations like that. ron johnson is out after 17 months on the job. former ceo returns to that post. the man who broke the story, scott wapner. and courtney reagan to talk about what this all means. alcoa, 11 cents a sha
CNBC
Apr 12, 2013 12:00pm EDT
going to debate it. plus, the picture tells the story. jc penney, desperately needs some cash. i have some exclusive information about where they think they can get it as well, but is the plan enough to stop the bleeding? our traders are going to weigh in when the half comes back. tdd#: 1-800-345-2550 when i'm trading, i'm totally focused. tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 and the streetsmart edge trading platform from charles schwab... tdd#: 1-800-345-2550 gives me tools that help me find opportunities more easily. tdd#: 1-800-345-2550 i can even access it from the cloud and trade on any computer. tdd#: 1-800-345-2550 and with schwab mobile, tdd#: 1-800-345-2550 i can focus on trading anyplace, anytime. tdd#: 1-800-345-2550 until i choose to focus on something else. tdd#: 1-800-345-2550 all this with no trade minimums. tdd#: 1-800-345-2550 and only $8.95 a trade. tdd#: 1-800-345-2550 open an account with a $50,000 deposit, tdd#: 1-800-345-2550 and get 6 months commission-free trades. tdd#: 1-800-345-2550 call 1-866-294-5373. >> jc penney shares on the move today. i reported a
NBC
Apr 9, 2013 4:00am PDT
. good morning. meet the new boss, jc penney firing ceo ron johnson after a disappointing tenure that saw his turnaround strategy backfire and sales plummet 25%. he's being replaced by the man he took over for, former ceo mike ullman. and dreamliner jets which have been grounded since january could soon be back flying the friendly skies. united airlines has put the 787 back on its flight schedule for may. and people are riding the rails in record numbers. amtrak says passenger numbers are up since september, despite disruption from hurricane sandy on its most traveled route. the northeast corridor from washington to boston. richard, that's the latest. back to you. >> seema, thank you so much. >>> now time for a business pop quiz for you. which retailer got his start in the jc penney management trainee program? ray kroc, jeff bezos, sam walton or george dayton? we'll tell you in a minute. >>> the numbers are in, and ford's compact focus outsold all other vehicles with more than 1 million sales. jetblue being made in mobile, alabama. speculation is swirling after fox and univision execs
CNBC
Apr 8, 2013 2:00pm EDT
. what's next? marshmallows? >> their eyes are shaking. jacked up on sugar. >>> jc penney and macy's are back in court today in the battle over martha stewart. courtney reagan, what's the latest on this? >> reporter: mandy, the three weeks judge owing originally allotted for the trial ran out and the parties were nowhere close to a resolution. the judge had to break, hear other cases. they went into medication for a mon -- mediation for a month. macy's lawyers allege jc penney is currently in violation of the injunction. they asked if they could pull up the jc penney website and point out products like the martha stewart plastic pitchers and martha stewart plastic champagne flutes on sale at jc penney. lawyers argue they can't do this. this is part of our exclusive category. the judge said talk to your clients, figure it out. if you can't, i will. urging the parties to settle it for themselves. we spoke to charles koppelman, former martha stewart living chairman. he did testify the day that the judge sent this trial into mediation to see exactly what he thinks about everything that's goi
CNBC
Apr 3, 2013 5:00pm EDT
come, a look at whether jc penney's home overhaul is make or break for the ceo ron johnson. first, the nuclear threat from north korea escalates. a look at the possible scenarios and how to protect your money. stay with us. ♪ [ cows moo ] [ sizzling ] more rain... [ thunder rumbles ] ♪ [ male announcer ] when the world moves... futures move first. learn futures from experienced pros with dedicated chats and daily live webinars. and trade with papermoney to test-drive the market. ♪ all on thinkorswim. from td ameritrade. >>> north korean aggression prompting the u.s. to send missile defense to guam. hagel saying there is a real and clear danger from north korea. leader kim jong-un also recently announcing plans for restarting an inactive nuclear reactor. what is the potential impact on the markets? joining us now with the deeper dive is the founder of the world renowned gartman letter. good to see you. >> good to be seen. >> in person, i should add. >> how much of a threat is north korea? >> they have very few capabilities. they have land, that's about it. they have land forces. i
NBC
Apr 26, 2013 4:00am PDT
spending. >>> and jc penney gets a shot in the arm as billionaire investor george soros buys a stake in the struggling chain. jc penney has been exploring ways to raise more cash after firing its ceo last month following a disastrous year that saw sales slump 25%. >>> and disney settles a dispute with amc theaters allowing fans to buy advanced tickets for "iron man 3" which comes out next week. disney has been fighting with amc and other theater chains over how to divvy up the box office take from upcoming movies. richard? back to you. >> yeah, i'm looking forward to that blockbuster. thanks. >>> earnings front, samsung weighed in with record first quarter profits, one day before the u.s. release of its latest galaxy smartphone. some williams-sonoma stores in boston have pulled pressure cookers after it was confirmed that similar pots were used to construct the deadly marathon bombs. the fda has stopped imports of cucumbers after the cdc linked them to 73 cases of salmonella in 18 states. forget politics and religion. a new study finds most people surveyed are more comfortable discussin
CNBC
Apr 13, 2013 4:00am EDT
about jc penney because i have no jc penney -- >> which is one of the reasons i like federal realty. >> in the portfolio. what -- you either own real estate or you effectively own it by having a long-term lease that gives you rights to it. supply and demand on that particular location as to whether how much term is left and everything else in terms of that value. doesn't just, you know, de facto mean you have -- >> may not have value. there seems to be a lot of 20-year leases rolling off. now, what happened 20 years ago that they're rolling off, and what is the difference between the average 1993 lease and what -- >> no difference. the average lease, okay, is about seven years or so in term. there are some fives and there are some 20s. if on those 20-year leases you look at, you know, what the market rent was in 1993 today, you know, it obviously depends on the location, but overall significantly more. >> how you can continue to have -- >> we've done that for a long time. >> the last question, how are you able to deploy $2 billion to $3 billion over time in existing assets? >> if yo
ABC
Apr 12, 2013 6:00am PDT
teenager. >> thank you. coming up on 6:47. jc penney is trying to lure shoppers back and good news for coffee lovers, jane king joins from the new york stock exchange. >> we will start by cutting packaged tar bucks -- starbucks will go down 10 percent starting may ten, a 13 percent price cut on seattle's best but no price cuts on the pods. and wells fargo had stronger earnings but paying less-than-expected on loaned money so wells fargo is down this morning. we started with a pull back but not by a lot. we have been hitting record highs each day but so far this morning, kind of a breather. the silicon valley index is lower. jc penney had a couple of years. they are bringing back old strategies to win customers back. if you miss the old jc penney, look for signs of it, coupons and already one after the ousted c.e.o., a big 20 percent coupon on the web site, and the biggest shareholder says they will put ads in newspapers again after the previous head of the company did not take inaccount america's affection for coupons. >> thank you, jane king. >> do you think justin bieber had infl
ABC
Apr 3, 2013 6:00am PDT
. >> the c.e.o. of jc penney is take a huge pay cut making only $1.9 million last year down from the more than $50 million salary in 2011. since taking over, jc penney shares have plunged 60 percent. sales are also down and he acknowledged making mistakes but says jc penney is improving the customer experience at their stores. >> new this morning, an airline is defending the controversial new policy to charge passengers according to how were they weigh. they ditched the flat fee and now is charging travelers per kilogram weight. it works out to 50 cents a pound. 200-pound person pays $100. the c.e.o. of the airline claims it is the fairest way to travel and in some cases cheaper. they serve domestic routes in pacific islands. >> that is a weight loss infringement. >> nodated -- a new indictment program. >> and a busy command for president obama and a fundraiser in california. >> truck crashes into the back side of a muni bus in san francisco with impact on people in the bus and outside the bus. >> a bay area paramedic who works on a daily basis to save people's lives, this morning is
CNBC
Apr 3, 2013 6:00am EDT
? >> i'll tell you why in a little bit. we know it was a tough year, 2012 for jc penney, the retailer shed 46% in the calendar year and the first 11 months of the multi-year transformation plan, and others did feel the hit. so for 2012, johnson's base pay was unchanged. but he received no stock awards this time like he did in 2011, much of that to compensate for what he was giving up by leaving apple. his 2011 compensation totaled $53.3 million with $52 million in jc penney stock awards. johnson isn't the only one at jc penney taking the hit. quote none of our named executive officers received an annual incentive award. he received 44% of the target cash compensation, that's basalry only and other officers received 55% of their aggregate target cash compensation basalry only. johnson lives in california, though, jc penney is headquartered in texas, and the proxy shows johnson used $344,213 in personal use of the corporate aircraft. jc penney had no comment beyond what is in the proxy. however, with help, you can see johnson's $344,000 is not only usual for jc penney's ceo, in fact, it's be
NBC
Apr 9, 2013 6:00am PDT
college campus, they take over the streets overnight. >>> troubles at jc penney's. they couldn't do anything to make it worse? yes, they could. >> climate change. you might want to start stocking up now. enough about the book, i want to hear about your date. well, he showed up in a van. [ women ] oh-awww. [ voices in background ] [ female announcer ] swapportunity. the opportunity to swap a higher calorie snack for a delicious 90 calorie yoplait light. ♪ sorry... about your date, the details of your date. [ female announcer ] just one swap a day helps keep the calories away. yoplait. it is so good. lets you go from working hard... to hardly working. ♪ big sales that help you get away. that's how we fly. act fast! these are the final days to grab flights all over the country as low as $59 one-way. hurry and book now, only at southwest.com. we are southwest. welcome aboard. >>> new video of louisville students swarming their campus after their victory over michigan. some fans got out of control. you can see them there car surfing. the celebration moves out into the streets. firefi
CNBC
Apr 12, 2013 6:00pm EDT
is jc penney. thursday i'm calling in huge. yooun pacific will be one of the brooits lights in the transport. got to be that they're switching to coal, and that is certain for -- we've been hearing that aing culture. autos are staying strong. 15.3 million being built. oil is being shipped increasingly by rail. it's hard to get these pipelines through. get them approved. as i mentioned with kinder. you know what, union pacific, it's time for you with the help of oil. we will have heard from intel earlier in the week about the not death of personal computers. no one believes. it's going knock down mr. softy. perhaps if the stock gets as low as 27, write that down, you buy some of the day before the company reports on thursday after the close. all the analysts who downgraded it have created a perfect opportunity. it will only work, by the way. it will work only because microsoft's yield will cushion the fall. all right. we have two high rollers that i know so many of you own or are interested about. they both report thursday. google and chipolte. they trade all over the place, and the
FOX News
Apr 27, 2013 8:30am PDT
lesson. >> if you have to look for a turn around check out jc penney. >> interesting and good call. >> you are hot and stay hot? >> biggest sports team in the world not the yankeeses or cubs or 49erings. manchester united won the victory in europe. it is publicly traded and brands are doing well. this is it a stock. >> oh, boy. i go for real football and not the fake. thank you gang. before we go. cashin in wants to say congratulation tots 43rd president on the opening of the presidential library. it is good to see heart warming moments before 41 and 43. weigh in on all of the topicings on twitter. have a great weekend, everybody. hello, everybody. i am uma, live in washington. an arrest in this week's ricin letter scare. a mississippi martial arts instructor is in custody accused of sending the ricin-laced letters to president obama and footworks. efvet dutschke wased this morning. >> uma, 41 year old everett dutschke was arrested on unspecified chargings. he was taken without incident in tupelo,
FOX Business
Apr 28, 2013 2:30am EDT
look for a turn around check out jc penney. >> interesting and good call. >> you are hot and stay hot? >> biggest sports team in the world not the yankeeses or cubs or 49erings. manchester united won the victory in europe. it is publicly traded and brands are doing well. this is it a stock. >> oh, boy. i go for real football and not the fake. thank you gang. before we go. cashin in wants to say congratulation tots3rd president on the opening of the presidential library. it is good to see heart warming moments before 41 and 43. weigh in on all of the topicings on twitter. have a >>. >> tom: should a terrorist be protected by our constitution especially if the visit an american citizen? where did that 48-hour window come from that allowed officials to question them before reading them their miranda warnings. we're talking about a citizn terrorist. right here and right now. >> tom: thanks for joining us. here athe top of the stack, being a citizen offers us all kinds of constitutional protections, it's just one of the things that makes our citizenship so valuable in this country. if
CNBC
Apr 11, 2013 6:00am EDT
. jc penney raises the question, how to keep the customer happy. joining us is robert kaplan, senior associate dean and professor of management. former chairman of goldman sachs. robert, it's great to see you this morning. jc penney situation we have been talking about several days at this point the. this was a really hard revamp trying to completely tear the store apart while operating in business. what happened? what went wrong? >> they went from being a company known by its customers for value and execution to try to change that to being known for store experience and store within a store. that change might work. it might still work. but it takes a long time and it's a risky thing to do. and they tried to do it very, very fast. there's a greater risk the customer is going to be confused. it cost a lot of money. they are a leverage company already. they want to slow it down and try to repair the balance sheet as best you can and buy more time to finish this. >> does that mean trying to lure back in the customers and offering deep, deep discounts. >> he's going to reconnect with cus
ABC
Apr 9, 2013 6:00am PDT
. >> plunging stock price forced jc penney to fire the c.e.o. who says the company got it wrong. louisville is celebrating the championship this morning, the unrest that followed last night's big ñ9ñíÑybit >> santa clara, san francisco, east bay, and all the bay area, this is abc7 news. >> it is 6:14. new this morning in health news, a just-released study finds people younger than 65 are twice as likely to skip medication than older americans. researchers with the centers for disease control say 13 percent of younger americans skipped taking meds as prescribed in order to save money. this compares to 6 percent of those over 65 and one in five in both age groups asked doctors for generic drugs in order to trim costs. >> jc penney is facing criticism hours after out of thing the c.e.o. in a boardroom shakeup. the struggling retailer fired ron johnson, a former executive from apple. this is video of johnson ringing the opening bell last april at the new york stock exchange. he was fired after the shares lost half the valley during his time at c.e.o. the man now said to replace johnson is the
ABC
Apr 9, 2013 5:00am PDT
, here is the america's money report. >> good morning, topping america's money, jc penney fires the c.e.o. and got the old boss back. he was known for creating the apple retail stores and is replaced by the former chief. a new lone is offered to pay for a vehicle to boost new car sales, with total interest paid far more, however, than the traditional five year lone. finally, the most valuable company in the world, war mall, is -- wal-mart is five, google is number three, and apple is number two, and number one is exxonmobil at the >> daly city, dublin, los gatos, and all bay area, this is abc7 news. >> good morning, at 5:11 on tuesday morning. the winds of change are not blowing. calmer start this morning. we will check with mike nicco to find out about the warming trend coming up and leyla gulen will check the bay area traffic. >> san francisco may become the first city in the nation to limit the number of tobacco retailers coming from a youth group that spent years working on the idea. there are 1,000 stores selling tobacco products in the city limits. the san francisco youth lead
FOX Business
Apr 28, 2013 9:30am EDT
lesson. >> if you have to look for a turn around check out jc penney. >> interesting and good call. >> you are hot and stay hot? >> biggest sports team in the world not the yankeeses or cubs or 49erings. manchester united won the victory in europe. it is publicly traded and brands are doing well. this is it a stock. >> oh, boy. i go for real football and not the fake. thank you gang. before we go. cashin in wants to say congratulation tots 43rd president on the opening of the presidential library. it is good to see heart warming moments before 41 and 43. weigh in on all of the topicings on twitter. have a [♪...] >> announcer: the following program is brought to you by nopalea, the anti-inflammatory wellness drink by trivita. stay tuned to learn how you can receive a 32-ounce bottle of nopalea free >> a few months ago, i had a hard time walking this hill. but today, i'm doing it pain-free. do i have a secret? yobet. and that's why'm here today to share that secret with you. >> announcer: could a natural wellness drink really help people with painful symptoms like chronic neck and
KICU
Apr 9, 2013 4:00am PDT
. sources say jc penney ceo ron johnson is out! jcp shares jumped 11% in after hours trading after cnbc reported that johnson will leave the company. interim ceo mike ullman will takeover the role. taking flight. united airlines will fly boeing's 787 dreamliner in a trip from denver to houston on may 31st. it is the first airline that will do so since the faa grounded the aircraft back in january. confirmed! the senate has confirmed former wall street prosecutor mary jo white to head the securities and exchange commission. let's jump on in and take a look at the markets with doug rothschild of performance trust investment. doug, you follow the bond market...it was a miserable jobs report friday---what kind of bond action did you see after the report? > >you did see a bad jobs report come out on friday and the market reacted, certainly the bonds. and you've seen yields at their lowest point that we've seen in sevearl months and a pretty big---about 30 point move in the bond market in the last couple weeks. what's really driving that is thew swingback in sentiment of investors that t
KICU
Apr 23, 2013 4:00am PDT
little changed from 11 years ago. already this year, apple, jc penney and herbalife have gained the attention of activists. ralph lauren clothing company will pay $1.6 million to settle a bribery scandal. one of its subsidiaries is accused of bribing officials in argentina. according to the the u.s. department of justice, arginentinian customs officials allegedly were given money to clear merchandise. rl stock fell $3 in trading monday. a report out of europe shows the region is making a dent on its debt. the eurozone's collective deficit decreased in 2012. its most financially strapped countries, including ireland, greece and italy, have trimmed or stabilized deficits, while more secure nations like germany have pulled back on spending. meanwhile, greece, ireland, italy and portugal each still have debt that is higher than a year of the country's economic output. general motors drives up sales in china. the car company sold one million cars in china faster than it ever has before. last year, it took until may 7th before gm sold its one millionth vehicle. the news comes during the s
KICU
Apr 4, 2013 4:00am PDT
million in 2012, down from $52 million the previous year. jc penney ceo ron johnson's pay package was severed by 96%, going from $50 million to $1.9 million, after the retailer faced continuing problems. and former wellpoint ceo angela braly received $20 million in compensation, despite resigning under pressure in august. a former goldman sachs trader faces up to 20 years in prison after pleading guilty to wire fraud. matthew taylor surrendered to the fbi wednesday. the cftc accused him in november 2012 of hiding an $8-billion position on a futures contract that cost goldman more than $118 million. his bond is set for $750,000. defense stocks are rallying in the face of sequestration. since march 1st, boeing's stock is up 9.6%. lockheed martin has gained 8.3%. northrop grumman and raytheon are both up 6%. analysts sense it's a relief rally considering defense stocks took a hit on sequestion deadline fears. thehill.com reports the real threat is in september, when budget cuts take effect. generic versions of blockbuster perscription drugs may be overpriced at some pharmacies. consumer
MSNBC
Apr 5, 2013 2:00am PDT
big day for jc penney. they are launching the first of their home goods boutiques including martha stewart products. it's pivotal to turn around efforts. >>> what do you get when you pump $1.5 trillion into the world's economy? the nikkei went above 13,000. the index is up. back home, mark zuckerberg unveiled the latest offering, facebook home, a collection of apps to replace your android home screen. the chairman of the board at hughlet packard are stepping down. >>> the ceo of enron may get out of jail early. he has six of a 24 year sentence for con spearty, fraud and insider training. >>> artificial technology is available to colleges nationwide that let's a computer do the grading for essays and short answers. >>> how about this junk food from pizza hut. it looks good there. if that is not your thing, folks in massachusetts can wrap their hands around dunkin' doughnuts glazed doughnut. yeah. the pork shop may soon be a thing of the past. say what? consumer research found labels on packages to be confusing. the pork and beef industries are remaining 450 cuts to give more consume
NBC
Apr 16, 2013 5:00am EDT
company's willingness to pay. ruling was a retrieve for jc penney back to you. >> if you have a hard time hearing after a loud concert it may be your body's coping system. cells in the innerary cause short-term hearing loss. it can last hours or days before it returns. >> actress valerie harper will be here for a discussion of her new book. she is known for her role in the series. this event is free and open to the public. her inspiring story has been a source of strength. >> i have to say, when the announcement came out and you remembered watching her, you hope the best for her as she continues to keep up a strong appearance. >> what we are learning this morning about the investigation and some of the victims plus the impact you could feel at home. >> news4 today at 6:00 is next. >>> searching for those responsible for this. new development at this hour as police piece together clues at the mayor thon. >> the impact the
NBC
Apr 5, 2013 4:00am PDT
cal indicate annual cost of living increases. >>> it's a big day for jc penney because the struggling department store launching the first of its new home goods boutiques including some martha stewart brand products which the ceo says is pivotal to his turnaround efforts. richard, back to you. >> cnbc's brian shactman, thank you. >>> what do you get when you pump nearly $1.5 trillion into the world's third largest economy? a major rally. the bank of japan's aggressive stimulus pushed the nikkei about 13,000 above that number for the first time in more than four years today. the index is up nearly 7% this week, 22% for the year and a whopping 48% since november. >>> back in the states mark zuckerberg unveiled his latest offering, facebook home, a collection of apps to replace your android home screen. >>> more drama at embattled hewlett-packard. its chairman and two other directors are stepping down. >>> jeffrey skilling, former ceo of enron may be getting out of jail early if his lawyers strike a deal with the justice department. skilling has served 6 of a 24-year sentence for conspir
KICU
Apr 16, 2013 4:00am PDT
low-cost version of the iphone is expected in august. people working for jc penney are relieved to learn the retailer's latest turnaround plan does not include eliminating employees or closing stores. penney's cfo revealed monday the company is tapping into its $1.85-billion credit line to buy inventory. the retailer will take out $850 million to revamp its home goods section, which should be ready next month. nursing homes are heading toward a critical need of employees. as baby boomers move into their golden years, the wall street journal reports the elder-care workforce will need 50% more workers. the profession, however, is considered to be low-paying at $12 an hour. the job also comes with a high injury rate and is physically draining. those considerations are said to be making it tough for nursing home operators to hire. dish network offers $25.5 billion for wireless carrier sprint. the cash and stock offer beats an offer from japan's softbank corp according to dish. the deal is seen as a sign of the dwindling power in the marketplace of satellite dishes, which aren't as rele
MSNBC
Apr 3, 2013 2:00am PDT
. >>> jaycee's rock nation is teaming up to form rock nation sports. >>> talk about a pay cut. jc penney ceo received no bonus and was paid a mere t million. it's down from his 53.3 million bucks he earned the year before. not bad. bill nar investor carl icahn has nuance calling. straight ahead, atlanta teachers are cheating. they were cheating their students in favor of fat payday bonuses. now they are surrendering to police. the owner of dallas mavericks, mark cuban is thinking of choosing this player there for the nba draft. those details are next. my mother made the best toffee in the world. it's delicious. so now we've turned her toffee into a business. my goal was to take an idea and make it happen. i'm janet long and i formed my toffee company through legalzoom. i never really thought i would make money doing what i love. [ robert ] we created legalzoom to help people start their business and launch their dreams. go to legalzoom.com today and make your business dream a reality. at legalzoom.com we put the law on your side. and you'll dump your old mop. but don't worry, he'll find some
KICU
Apr 29, 2013 4:00am PDT
dollars. oil dripped 91 cents. jc penney is in a dollar daze. shares shot up more than 11% friday, first on word billionaire george soros has a major stake in the company, then cnbc reported goldman sachs set up a $1.75-billion loan committment. the retailer is suddenly back in vogue. also, governor chris christie says he will make a major announcement today. it marks 6 months since hurricane sandy hit new jersey and the northeast section of the country. well, if there is one thing you can say about this market, it really is holding up quite well. phillip streible of rjo futures joins us now on this monday morning, and phillip, despite the gdp number that came out on friday, not so bad here. - i know. traders were really surprised, too. we came out at 2.5%, we were expecting 3%. i would have thought the stock market would have sold off a lot harder than it did. it held in quite nicely. it seems that the fed, with their $85 billion that they just keep pumping into the market month after month has really put a good base into the market. - is the market moving at all on developments out of
KICU
Apr 11, 2013 4:00am PDT
investors $17 billion dollars. there will be no golden parachute to rescue former jc penney ceo ron johnson. johnson, who came from apple, was dismissed this week from jcp due to poor performance. johnson had a deal with penney to be paid mostly in stock when he became ceo in 2011. he owns 900,000 shares of penney stock.. but it only has value if penney stock climbs above $29 dollars. the stock closed last at $14. hedge fund manager bill ackman who has a major stake in jcp gave the stock a bit of a lift yesterday when he told reporters he's standing by the retailer. investors rolled out the welcome mat for taylor morrison this week. shares of the homebuilder opened up 6.1% yesterday, from its ipo price of 22 dollars and closed at $23.04. the return of the housing market has sparked an interest in home building stocks. also new to the market this week, shuttle tank operator knot offshore partners. that stock rallied nearly 4% on its opening day. chimerix, kye-mare-ix ipo-s today. the company is developing a drug for use in stem cell transplants. also expected pharmaceutical company o
NBC
Apr 8, 2013 4:30am PDT
nasdaq loosing 21. macy's and jc penney's head back to court in the dispute over which retailer has the right to sell martha stewart brand of products. a judge put the trial on hold ordering the companies into mediation. it appears there has been little progress in the talk. a decision in favor of macy's could be a major setback for jcpenney's. >>> we want to talk to christina about the winds. >> something we want to make sure everybody is aware of before they hit that highway. a lot of kids going back to school before spring break. you might be a parent getting ready to take your little one to school. these are your sustained wind speeds. these are not your gusts. we are gusting 40, 50 miles per hour. it is one of those windy days that we don't traditionally see in the san jose area. it has been pretty gusty all night long, fierce winds taking out trees and branches. travel cautiously and get ready to navigate. 21 miles per hour sustained in san jose, 24, sunnyville. look at san francisco. sustained at 30 miles per hour. that is a strong enough sustained speed to force that away. back
KICU
Apr 12, 2013 4:00am PDT
mortgage expert. three more high level executives are "out the door" at jc penney. reuters reports similar to ron johnson who exited jcp this week, the latest three execs to leave also previously worked at apple. jcp penney shares tumbled earlier this week.. but have been a on the rebound since johnson's departure. casino developers are taking a gamble on regional locations. gambling destinations located "outside" of major cities are becoming popular.real estate titan david cordish, of cordish companies just opened "maryland live", a luxury casino half way between baltimore and dc.he says local casinos are gaining popularity, as las vegas and atlantic city are losing luster. "i think what you have to look at when you're doing a financial analysis is breakdown the united states casinos by destination resorts which is atlantic city las vegas and mississippi. there they have casino after casino just next to each other - and people have to get on an airplane, they have to stay in a hotel, and those destinations like atlantic city are hurting badly." in march, revenue at atlantic cities
FOX News
Apr 9, 2013 6:00am PDT
known during the bush administration. jc penney is dumping its ceo after a year and a half on the job. his plan to replace sales with consistently lower prices did not work big time. is this a sign of the times what is going on? melissa francis joins us host of money with melissa francis on the fox business network. good to see you. i always thought it was kind of a mismatch because johnson came from apple and i thought, wow, that is very high high-end specialty stuff, now he's at jc penney which is not but there is more to it. >> there is more to the story. he was at target before that. he made cheap she ca chic over at tar go. target is fabulous, fun but not that cheap. he went to apple made their stores fabulous. they brought pheupl in thinking he would bring style and cache. now they are wondering if that's what they needed. he made $16.6 million in that short period of time. gregg: not bad. >> and today as we speak jc penney stock getting absoluteee hammered in a free fall again today down another 11% as investors wonder, you know, they threw him out, maybe they show the board ou
NBC
Apr 17, 2013 4:00am PDT
temporarily blocked jc penney from selling certain martha stewart products. macy's is appealing a lower court ruling from last week allowing its rival home goods that don't carry the stewart name. >>> and toyota says it's now sold more than 5 million hybrids worldwide. the automaker began selling the popular prius in 1997. hybrids now account for 14% of its total sales. back to you. >> wow, 5 million. mary, thank you so much. >>> now as mary was pointing out, if you have money in the stock market, tuesday's bounce was welcomed, but it was a bad day for american airlines. the ceo apologizing for a computer glitch that grounded all of its flights on tuesday. today could also see some cancellations or delays in the aftereffects. >>> sadly as the country recovers from the attack in boston, business is booming for security companies. in fact, a new york-based company that provides bomb-sniffing dogs says business has already doubled. meanwhile, some folks are selling their 2013 boston marathon medals on ebay with buy-it-now prices up to $499. newspapers from the tragic day are also up for au
CNBC
Apr 3, 2013 9:00am EDT
. s&p down about four handles to 15.66 and the nasdaq down a tough to 15.51. >> jc penney saying its ceo did not receive a bonus or stock award after what was a dismal year for the retailer. courtney reagan has the details. >> 2012 was a rough year for jc penney, no doubt. they shed their value in the calendar year as they logged the first 11 months. ceo ron johnson and others felt that hit in their paychecks. for 2012, johnson's base pay was unchanged at 1.5 million and his total compensation 1.9 million and he received no stock awards to compensate him for the apple stock that he would have invested had he stayed with the company. it did total 53.3 million with the stock awards worth $52 million. johnson wasn't the only one at jc penney taking a hit. none of the others got bonuses and due to the company's financial results versus its goals. the ceo received 44% of its target cash, the proxy said and the other named executive officers received collectively 55% of their aggregate target cash compensation. johnson still lives in california, but jc penney is headquartered in texas and
CNBC
Apr 10, 2013 9:00am EDT
. >> even jc penney is up. >> you know it's a good day. >> remember, that's my tell. >> it's an interesting situation. almond talking to a number of investors in the last 24 hours. a number of them telling me this guy didn't know he had the job -- he didn't even start talking about it until the weekend. that's pretty quick. he's 36 hours ahead of everybody else and that's all. >> that's it? >> he spent his first day back at the office yesterday. >> is he going to commute from the suburbs of plano to plano versus com commuting to california. i want to get to bob pisani and we look right behind him and see the crowd behind him. taylor morris. it hasn't opened yet, right? >> they increased the size of the ipo 28.6 million. it was 23.6 mill twron and the price talk was 20 to 22. we've had a number of ipos and reller gee, and it will be down today and the important thing is the ipo did very well and we had tri-point homes and that was the end of january and that was the first ipo in ten years. yesterday we found out william lions are a big california home builder and this parade will
CNBC
Apr 12, 2013 6:00am EDT
losers like jc penney. but macy's as done so incredibly well. car companies have been able to sell tons of cars coming back into this. i understand why some of the stocks have done really, really well. >> it's a broad cross-section of companies and products. some go up, some go down. you're getting early reports on sales in march. well, they're disappointing because of the weather. >> right. >> well, maybe there's more to it than blaming it on the latest glitch in the climate. this is a five-year trend. some companies will do okay and some companies will not. the underlying trend is extraordinarily and uniquely anemic. >> i like knowing that a lot of this is because of the fed. but then you could still say it's either the 85 billion just in to inflate assets or the the 85 billion is work to go help heal the overall economy so it's justified things are getting better because it's working. i hate 85 billion. >> you're an overly in debted consumer household. your central bank is doing qe. how does that help you as a household? >> kwraous your wealth effect feels better because your house i
CNBC
Apr 8, 2013 9:00am EDT
again. >> good to be back. >> macy's and jc penney back in court today in the battle over martha stewart home goods. a month-along mediation effort appears to have failed. courtney reagan is in downtown manhattan and she's been following this thing from the opening gavel. courtney? >> reporter: that's true, david. here we are again at the new york state supreme court in the trial that pits martha stewart living between jc penney and macy's. this is a month after the parties separtjudge sent the parties into mediation. he only allotted three weeks for that trial and when that time ran out there were still arguments left to be heard. the judge is growing increasingly frustrated with all of the parties urging them multiple times to come to a settlement. you guys will be happier if you decide as business leaders how to work this out. if i make the decision inevitably someone will be unhappy. the judge did note in court thanking martha stewart for reaching out to macy's ceo. the two hadn't spoken since late 2011 to tell him about the jc penney deal and lundgren said even thinking abou
CNBC
Apr 29, 2013 9:00am EDT
in tech, autos and drugs. >> you heard it here first. we reported this on friday, jc penney this morning saying it has a commitment from goldman sachs to borrow $1.75 billion in the bond market. the executive jumble at j.p. morgan continues with the coo. >>, they're returning to passenger service. >> we have a barrage of economic data, the central banks in the spotlight and the thursday's the day for the ecb, will they cut rates? of course, the busy earnings calendar continues. facebook, pfizer, gm all set to report later in the week. we are going move from this macro to micropicture which has not been as positive as some would leak. >> true. this is a fulcrumec week. the ability to be able to turn this market in either direction can be -- can be on the line this week. i have to tell you that the vibes out of europe are about trying to get growth again and all of the vibes out of the united states have been how to resurrect growth. europe is causing a slowdown. i think that when you see the iceland government that got them in trouble back. when you see the italian government want
CNBC
Apr 30, 2013 5:00pm EDT
mail, m-a-l-e? >> it is. it is. >> drop for jc penney. >> it was like a goat or something. down 4%, guy? >> this morning, i was at pilates, my instructor -- >> pilates, she kicked your, you know what. >> she kicked my rear end. >> speaking of mail, pilates. put that and pilates in the same sentence. >> go on, continue. continue. >> right? >> i don't know there's no reason i could ascertain the movement lower. i think the company's broken, i don't think the stock is. i think you buy jc penney on this dip. >> pop here for tornado week in an effort to whip up enthusiasm for the week of twister themed television, the weather channel subjecting the interns to tropical force gusts and putting the whole thing live online. the network promises to boost a wind for every mention on twitter, eventually getti intin tornado spins. taking twitter by storm. >> fantastic. >> that's amazing. >> poor interns. >> i don't think that's real. >> question the integrity. >> they don't look like they're blown around enough. >> well, you've got to mention them. >> you've got to mention them. >> i'm going t
CNBC
Apr 15, 2013 9:00am EDT
. >> those are some of the deals breaking in some form. >> when we come back, jc penney finally trapping that revolver. just how bad is the retailer's crash crunch. plus what a year it's been so far from netflix and it seems to permeate everything we do. btig's rich greenfield has been crunching numbers and he's been all over the story. take one more look at futures. a negative open here, but as jim said a lot of it resulting from what gold has done today. a lot more "squawk on the street" in a moment. just set your start and end price. and let it do its thing. wow, more fan mail. hey ray, my uncle wanted to say thanks for idea hub. o well tell him i said you're welcome. he loves how he can click on it and get specific actionable trade ideas with their probabilities throughout the day. yea, and these ideas are across the board -- bullish, bearish and neutral. i think you need a bigger desk, pal. another one? traders love our trading patterns, now with options patterns. what's not to love? they see what others are trading -- like the day's top 10 options trades by volume -- and get ideas!
CNBC
Apr 3, 2013 1:00pm EDT
goldman $118 million. >> now to a big pay cut for jc penney's embattled ron johnson. the man at the top is paying for it. this is quite a slash in pay. >> this is the way that a lot of people think that it should work. directly tied to the company's success as the market defines it, the ceo should prosper or flounder right along with the shareholders. 2012 was a rough year for jcp. he received no stock awards like he did in 2011. 2011 compensation totalled 53.3 million. done partially to compensate him for the $50 million of apple stock that he would have vested. >> very interesting. going get $52 million in stock from jcp. restricted shares. i wonder if that stock is worth anywhere near 52 million? >> almost nothing near. he can't exercise at a strike price of 30 for like 14 and change. that's pretty much worth nothing now, too. >> sue? >> we're going to talk carnival. the shares are not sinking. this comes after the engine room fire. and it's only been a little over a year since the ship capsized and claimed 32 lives. since the concordia disaster, the stock is up about 2.5%. how m
ABC
Apr 10, 2013 6:00am PDT
new elevator pitch. >> days after jc penney fired a c.e.o. over plungeing stock price retailers weighing in. they fired former apple executive after less than two years on the job. johnson got rid of sales and promotions and now analysts say though need to drive new traffic into the stores. analysts say the retailer should focus on the strong customer base in the hispanic community and among baby boomers. >> northern california who want former secretary of state hillary clinton to run forment -- for president are not waiting around. many of her california supporters are mobilizing and raising money to entice her to run in 2016. among her backers is former east bacon man and house minority leader nancy pelosi want clinton to run and is said so on the record. >> the first lady is headd to her hometown of chicago today to discuss the city's prolonged wave of violence among young people. mrs. obama will address a lunch meeting hosted by the mayor rahm emanuel before headed to harper high school where she will hear from students who have personally been impacted by violence. she also
CNBC
Apr 5, 2013 9:00am EDT
sell all those because of the employment number? macy's only down 58 cents and jc penney, by the way, it was a good day for jc penney and they got the home goods launch. >> yes. >> so i'll see you there. you're going to raise me? anything. >> are you not shopping this weekend? no. >> are you really? you're going all of the way down there? >> i'm giving the keynote to the business editors and writers? oh, very nice. >> that tyson's corner has a lot of shopping. >> that's where they have the jc penney wi-fi. >> there are not many stocks in the green on the s&p. >> i don't have any. >> devry, is this a day where you short the manpower and adps? they've been so hot. i'm not sure when it will go after manpower united states because that's the temporary employment way around the health care act. adp may be -- adp is a well-run company, and paychex was saying they need yield, so i don't know. let them come in and then take a look at the yields will tell the tale. >> last night your point on "mad money," we need to, in shakespearean terms, need to get rid of the xhifs. >> it doesn't need to
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